v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 100,156 $ 152,406
Prepaid expenses and other current assets 4,247 4,802
Total current assets 104,403 157,208
Property and equipment, net 7,743 8,706
Right-of-use assets 54,228 57,743
Restricted cash 5,031 5,031
Long-term deposit and other assets 47 101
Total assets 171,452 228,789
Current liabilities:    
Accounts payable 3,122 1,241
Accrued expenses and other current liabilities 7,832 7,668
Operating lease liability, current portion 7,717 7,167
Deferred revenue, current portion 586 2,619
Current portion of long-term debt 11,707
Total current liabilities 30,964 18,695
Operating lease liability, net of current portion 50,397 54,437
Long-term debt, net 21,072 32,534
Total liabilities 102,433 105,666
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2026 and December 31, 2025
Additional paid-in capital 632,898 627,979
Accumulated other comprehensive loss
Accumulated deficit (563,887) (504,862)
Total stockholders' equity 69,019 123,123
Total liabilities and stockholders' equity 171,452 228,789
Voting Common Stock    
Stockholders' equity:    
Common stock 7 5
Non-voting Common Stock    
Stockholders' equity:    
Common stock $ 1 $ 1